A three-building, 120-unit development is being proposed on the banks of the Schuylkill River in Manayunk. The mixed-use project is planned for 3900 Main St., just outside of the stretch of shops and restaurants that make up the heart of Manayunk’s commercial corridor. The entire project would total close to 150,00 square feet, including nearly… Read more »
One of Philly’s largest development projects is on the cusp of breaking ground. What’s happening: Hilco Redevelopment Partners (HRP) will begin the initial phase of its multibillion-dollar project in South Philly, dubbed the Bellwether District, in the coming months. The site spans 1,300 acres along the Schuylkill River and is slated to take 10-15 years to complete. Why… Read more »
A New York developer bought three vacant parcels in the heart of Philadelphia’s Walnut Street retail corridor and plans to build a luxury high-rise residential tower. Brooklyn-based Brookliv has acquired the properties at 1706, 1708 and 1710 Walnut St., a block away from Rittenhouse Square. The parcels, currently rubble, are in Center City’s commercial mixed-use district… Read more »
One of the nation’s largest student housing developers and investors plans to build its second project near two Philadelphia universities. Rendering of The Mark rising near the University of Pennsylvania in Philadelphia. (Landmark Properties) Landmark Properties announced Thursday that a new 363-unit tower called The Mark will rise 34 stories within a few blocks of the University… Read more »
After years of sitting vacant, the Jewelers’ Row site of Toll Brothers Inc.’s planned condominium project could have a new future its neighbors view as a step in the right direction. The property, at the southwest corner of Sansom and South 7th streets, is being sold by Toll Brothers (NYSE: TOL) to Philadelphia luxury apartment… Read more »
Despite already existing congestion on Center City streets at rush hour, the Philadelphia 76ers believe the area’s transportation system doesn’t need upgrades to accommodate the franchise’s proposed arena. The $1.3 billion arena, planned to open in 2031, would be on Market Street between 10th and 11th streets at the site of the Fashion District. It would… Read more »
Parkway Corp. is proposing a 31-story luxury apartment tower at 21st and Ludlow streets, part of an area in Center City experiencing a wave of new development. Plans for the project on the Parkway-owned lot include 304 apartment units, 15,600 square feet of first-floor retail space, and an underground parking garage. The 394,230-square-foot glass tower… Read more »
A largely vacant lot on one of the Fishtown neighborhood’s most popular corridors has sold for $3.2 million, making way for a 55-unit mixed-use development. The project at 1713-21 N. Front St. will be developed by Khosla Properties. Ground is expected to be broken in the first quarter of 2023. Anuj Khosla, the company’s managing partner,… Read more »
Two Walnut Street properties that are essentially next door to each other on the western edge of Center City are tied up by active builders of multifamily projects. Dranoff Properties has put under agreement 2201 Walnut St., which is currently a Sunoco gas station, and Trammell Crow Co. has 2301 Walnut St., which is a… Read more »
The Sixers proposed new arena in Center City is already getting bigger. Eyewitness News confirms the Sixers plan to acquire the current site of the Greyhound Bus Terminal on Filbert Street. Last month, the Sixers ownership announced their plans to build the new arena, calling it 76 Place at Market East. Acquiring the Greyhound Bus Terminal… Read more »
